On July 20, MMG Limited rose 3.63% in regular trading, trading at HK$7.44/share, with turnover of HK$104 million.

On the news front, US June CPI and PPI data both fell more than expected, causing the probability of a Fed rate hike in July to plunge from over 40% to below 20%. The weakening US dollar index provided support to copper prices, lifting sentiment across the non-ferrous metals sector. Peers including CMOC and Lygend Resources strengthened in tandem.

Additionally, since completing a financing package totaling over HK$12 billion in late June — comprising a share placement at HK$8.88/share and zero-coupon convertible bonds — MMG's stock had fallen as much as 28% from the pre-placement price of HK$9.74 to a low of HK$6.92. The current move extends the oversold recovery trend. Institutions note that copper stocks are in a phase characterized by low PE and resilient EPS, with August to September expected to be the primary window for recovery from indiscriminate selling.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)